Who We Are

Riyad Bank is one of the largest financial institutions in the Kingdom of Saudi Arabia and the Middle East. Established in 1957, with a paid-up capital of SAR 30 billion. Our professional and dedicated staff base has mainly driven our success throughout the years. With more than 5,600 employees, we take pride of being among the Saudi organizations with the highest national employment rate of 93%.

We provide a comprehensive range of products and services fully compliant with the Islamic Sharia’ to meet the needs of both retail and corporate customers, including small and medium-size enterprises. We play a leading role in various areas of finance and investment around Saudi Arabia, that is why we are distinguished as a leading financier and arranger of syndicated loans in the oil, petrochemicals and most of the Kingdom’s notable infrastructure projects.

We offer innovative and remarkable financing solutions through a network of more than 340 branches, 79 of which are ladies branches and more than 32,000 POS, in addition to more than 2,592 ATMs well distributed in strategic & carefully selected locations around the Kingdom. And since global expansion is essential for some of our customers outside the Kingdom, a branch in London and offices in Houston (USA) and Singapore help in supporting the international banking needs of such customers.

Our electronic banking services (web-based and mobile applications) use the latest electronic technologies to address the banking needs of our customers with utmost ease, convenience and security.

Riyad Capital is a leading player in the IPO advisory business and asset management, having won numerous investment awards in Saudi Arabia in categories ranging from “best mutual fund performance” to “best fund manager”.

Financial Performance

Riyad Bank achieved SAR 4,716 million net income for the year ended December 31, 2018 compared to SAR 3,946 million for the same period last year, an increase of 19.5%. Total operating income reached SAR 8,967 million for the year ended December 31, 2018 compared to SAR 8,125 million for the same period last year, an increase of 10.4%.

Financial Strength

Total assets as at December 31, 2018 reached SAR 229,900 million compared to SAR 216,282 million as at December 31, 2017, an increase of 6.3%. Customer deposits are higher by 10.0% to reach SAR 169,822 million as at December 31, 2018, against SAR 154,366 million as at December 31, 2017. Loans and Advances, net are higher by 8.8% and stood at SAR 151,025 million as at December 31, 2018 against SAR 138,838 million as at December 31, 2017.

Risk Rating

The international Fitch Ratings Agency maintained the short term issuer default rating (IDR) for the Bank at ‘F-2’ and ‘A-’ rating is also affirmed for long term IDR.

Capital Intelligence Agency issued the long term credit rating for the Bank at ‘A+’ whereas ‘A1’ rating is issued for short-term liabilities.

Standard & Poor’s Rating Agency maintained its short-term liability rating for Riyad Bank at ‘A-2’ and long-term liability rating at ‘BBB+’.